8The Reserve Bank of India (RBI) may not need to revise upward its inflation forecast for FY23 as global prices of crude oil and other commodities, such as industrial metals, have begun softening.

8Shares of energy companies fell sharply in early trade on Wednesday after international crude oil prices tumbled nearly 10% in overnight trade, with the U.S. West Texas Intermediate (WTI) crude falling below $100 a barrel.

8Presently, the country's uriue or (conventional) production is 2.6 million tonnes, while the requirement to meet the local demand is around 9 million tonnes.is imported.

8Yara has signed a Share Purchase Agreement with XLR Enterprises Limited to sell its ownership interest in the Dallol mining project in Ethiopia.

NPK Pilot Plant Greenfield Project
8Cost: 700 Cr.
8Project Event: The Pilot Plan is still in progress at the Company’s R&D department, It is likely to be completed in at the end of September 2023, Based on inputs from the R&D department, the development of a pilot plant shall be taken up. RFQ for the equipment and services is likely to be completed in October 2022.
Sulphuric Acid Greenfield Project
8Cost: 50 Cr.
8Project Event: RFQ for the local contractor & services is likely to be released in August in place of July 2022, due to delay in the internal discussion. The project has elicited the environmental clearance in March 2022

Rs 1700 crore greenfield pumped storage hydroelectric project: HM works in September
8Forest Clarence Stage-1 and 2 have been accorded.
8Civil works contractors have started the mobilization of equipment at the site.
8PMC contract awarded
Rs 6500 crore greenfield hydroelectric project: Civil works RFQ in October
8HM works package is likely to be floated in September 2022.
8Clarence from CWC has been accorded.
8EC was accorded for the extensions of validity of the projects for 3 years.
8Civil works package(lot-1) is likely to be floated in October 2022
Rs 10997.1 super thermal power project, stage-I: RFQ ahead
8Civil and architectural works of ESP and FGD were completed.
8Erection and installation of C& I just started.
8Chlorine Dosing system RFQ is likely to be floated in September 2022.
LILO oF 765kV Greater Noida- Hapur to Meerut Sub-Station T/L: An update
8FC stage-1 and stage-2 were granted. Land acquisition was completed at all the locations.
8Erection and fabrication of lattice towers are in progress.
8765kV P/S works are likely to be floated in August 2022.
8Cost: Rs 500 crore
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8NTPC RE Limited (NTPC REL) has signed an MoU with Gujarat Alkalies and Chemicals Limited (GACL) to collaborate in renewable energy with the aim of synthesizing green chemcials
8Find out more

8Scientists have discovered a novel material that can emit, detect and modulate infrared light with high efficiency, making it useful for solar and thermal energy harvesting as well as for optical communication devices. 

8Ahmedabad-based conglomerate Chiripal Group, which has businesses in textile, petrochemicals, education, NBFC and infrastructure sectors, plans to diversify into the solar power equipment space with an estimated investment of Rs 6,000 crore in a project in Jaipur.

Petrochem sources confirmed that MEG prices have slipped in the Mumbai market.

Toluene prices have moved lower in the Kandla market.

Petrochem sources, on July 7, 2022, confirmed a fall in NBA prices in the Hazira market.

A sharp fall in MP Diol prices in the imported market of Kandla was recorded today.

Petrochem sources reported a massive fall in MEK prices in the Mumbai chemical market.

DOP prices in the Delhi market were assessed lower today.

A significant fall in acetic acid prices in the Mumbai market was recorded today.

An elevated trend is noticed in NBA prices.

Benzene prices are demonstrating a robust increase in the Mumbai chemical market.

Spirodiclofen 95% prices were much higher in the Delhi market today.

Cyhalothrin 95%  prices witnessed a significant fall in the Mumbai market today.

What is the projection on how gas prices are going to behave going forward till 2025
8Clearly, some indices, like those related to spot prices are very high, and they are going to fall
8But how far will gas prices fall?
8Also, fresh all round LNG capacity is being planned. Will demand catch up in India to absorb that capacity

8The cost is Rs 1500 crore
8But the promoters are being forced to go through some strange manoeuvres.
8And why is a gas company joining hands now with a refining company over it?

A Rs 540 grassroot POL terminal is coming up
8Cost is Rs 540 crore
8FInd out what the latest status is, also know who has done the PFR for it
8And what is the latest status on it

8There is a lot of analysis coming in on the impact of new levies on oil and gas companies in India

8The supply of gas to a clients below 50,000 SCM have been made more difficult recently
Find out how